Porter

Porter

App-based platform offering on-demand truck booking and moving services

Founded

2014

Headquarters

Bengaluru (India)

Status

Series E

Company Details

Website

Socials

Email

Phone

+91 - 2244104444

Porter is India’s largest tech-enabled intra-city logistics marketplace, revolutionizing urban goods transportation . Porter was address to inefficiencies in last-mile and first-mile delivery for businesses and individuals. Over the past decade, Porter has expanded its operations to more than 22 major Indian cities, including Mumbai, Delhi, Bangalore, Hyderabad, Chennai, Ahmedabad, Pune, Surat, Jaipur and Kolkata, serving over 5 million customers and partnering with more than 150,000 driver-partners. Porter is well positioned to capture the expanding opportunities in India’s $40 billion intra-city logistics market.

Core Products & Services

  • On-Demand Goods Transport: Users can book mini trucks, tempos, electric vehicles and two-wheelers for intra-city and intercity deliveries, handling everything from small parcels to large relocations.

  • Porter Enterprise: A centralized logistics platform for businesses, providing smart solutions for bulk transportation, distribution and supply chain management, with features like unified trip details, prepaid wallet payments, and multi-user access.

  • Packers & Movers: Professional relocation services for homes and offices, ensuring hassle-free shifting.

  • Intercity Courier Services: Reliable parcel delivery to over 19,000 pin codes via surface and air, catering to both B2B and B2C customers.

  • Real-Time Tracking & Multi-Stop Deliveries: Advanced app features that allow customers to track shipments live and add multiple stops to a single booking, enhancing convenience and transparency.

Business Model & Revenue Streams

  • Commission on Deliveries: Porter charges up to 30% commission from driver-partners for each successful delivery. The fare is calculated based on distance, vehicle type, goods type and additional services like loading/unloading.

  • Rental Services: Offers vehicle rentals for specific time durations, generating additional income from customers who need vehicles for extended periods.

  • Enterprise Solutions: Porter Enterprise provides centralized logistics management to businesses, charging service fees for bulk transportation, supply chain optimization, and value-added features like real-time tracking and multi-user access.

  • Packers & Movers & Courier Services: Revenue from professional relocation and intercity courier services, targeting both B2B and B2C segments.

  • Channel Partnerships: Collaborates with other logistics providers and channel partners for courier pickups and deliveries, earning a share of the revenue.

Customer Segmentation

  • B2B: SMEs, large enterprises, e-commerce merchants, supermarkets and Kirana stores rely on Porter for bulk and regular goods transportation.

  • B2C: Individual customers use Porter for home shifting, small parcel deliveries and personal logistics needs.

  • Enterprise Clients: Over 5,000 enterprise clients use Porter’s centralized logistics solutions for supply chain management.

Growth Strategy

  • Geographic Expansion: Porter continues to expand into new Indian cities and deepen its presence in existing markets.

  • Product Innovation: Introduction of electric vehicles, multi-stop deliveries and advanced tracking tools to enhance service quality and sustainability.

  • Partnerships & Integrations: Collaborates with retailers, D2C brands and logistics partners to enable direct deliveries and optimize supply chains.

  • Future Technologies: Exploring drone deliveries and other innovative logistics solutions to stay ahead in the evolving market.

Key People

Uttam Digga

Pranav Goel

Key Metrics

Total Equity Funding

$250 Million

No. of Funding Rounds

11

Latest Funding Round

$200 Million, Series F

as of May 9, 2025

Post Money Valuation

$1.2 Billion

as of May 9, 2025

Funding Multiple

4.0×

as of May 17, 2024

Investors

Peak XV Partners

and 8 more

Employee Count

3472

Similar Companies

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Exit Details

-

All Funding Rounds

DateRound NameAmountValuationRevenueRevenue Multiple
Investors
May 9, 2025Series F$200 Million$1.2 Billion-- Kedaara and Wellington, Vitruvian Partners
September 1, 2021Series E$101.0 Million$504.0 Million$79.9 Million5.0x Tiger Global Management, Vitruvian Partners, Sequoia Capital, India Internet Fund, Lightrock , Portobello Holdco Sarl
April 10, 2020Series D $18.5 Million$102.0 Million$31.9 Million2.7xLightstone Ventures , IndigoEdge
August 6, 2019Series C$9.8 Million$79.8 Million$24.4 Million2.9xPeak XV Partners, Kae Capital, Sequoia Capital , Mahindra
March 28, 2018Series C$7.7 Million$52.6 Million$12.1 Million3.6xMahindra
August 30, 2017Series B$2.0 Million$36.4 Million$8.3 Million3.9xPeak XV Partners, Sequoia Capital, Kae Capital, Claris Capital, Mahindra Partners, Kalysta Capital , Sara Group, Equentia Natural Resources
May 2, 2017Series B$1.3 Million$26.6 Million$6.7 Million-Mahindra
December 13, 2016Series B$2.7 Million$24.1 Million$4.9 Million4.5xKae Capital ,Mahindra ,The Rainmaker Group
July 12, 2016 Series B$2.5 Million$22.8 Million$3.8 Million5.2x Peak XV Partners, Sequoia Capital
June 10, 2015Series A$5.5 Million$16.4 Million$793.0 K13.5x Peak XV Partners, Kae Capital, Central Park Securities Holding, Kalysta Capital

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